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China Aims To Boost Ethanol Production

China Aims To Boost Ethanol Production

China’s growing demand for renewables…

Why Iran’s Positive OPEC Spin Won’t Last

Why Iran’s Positive OPEC Spin Won’t Last

Tensions are reaching a boiling…

News

Surprise Inventory Build Sends Oil Prices Even Lower

Surprise Inventory Build Sends Oil Prices Even Lower

Dec 18, 2018 at 15:46 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise crude oil inventory build of 3.45 million barrels for the week ending December 14, compared to analyst expectations that we would see…

Russia’s Oil Production Could Be Lowered To 11.1 Million Bpd In 2019

Russia’s Oil Production Could Be Lowered To 11.1 Million Bpd In 2019

Dec 18, 2018 at 14:46 | Tsvetana Paraskova

Due to the OPEC+ production cuts, Russia’s crude oil production in 2019 could be lower than originally planned—at 552 million tons, or 11.085 million bpd, Russia’s Energy Minister Alexander…

China’s CNOOC Signs Oil, Gas Exploration Deals With 9 Foreign Firms

China’s CNOOC Signs Oil, Gas Exploration Deals With 9 Foreign Firms

Dec 18, 2018 at 13:22 | Tsvetana Paraskova

China National Offshore Oil Corporation (CNOOC) has signed strategic cooperation agreements for oil and gas exploration offshore China with nine international companies including oil majors Chevron, ConocoPhillips, Shell, Total,…

Saudi Oil Exports In October Hit Highest Since Initial OPEC Deal

Saudi Oil Exports In October Hit Highest Since Initial OPEC Deal

Dec 18, 2018 at 12:47 | Tsvetana Paraskova

Saudi Arabia’s crude oil exports jumped to a 22-month high of 7.70 million bpd in October, as OPEC’s biggest oil producer and exporter ramped up shipments ahead of the return…

Canada’s Federal Government To Extend $1.2 Billion Lifeline To Alberta

Canada’s Federal Government To Extend $1.2 Billion Lifeline To Alberta

Dec 18, 2018 at 12:03 | Irina Slav

Canada’s federal government will provide a US$1.2-billion (C$1.6-billion) lifeline to Alberta’s energy industry, CTV News reports, adding that most of the funds will be used for “job support.” The…

Shell in Talks To Buy Endeavor Energy

Shell in Talks To Buy Endeavor Energy

Dec 18, 2018 at 10:23 | Irina Slav

Shell is in talks to acquire Endeavor Energy Resources for US$8 billion, Bloomberg reports, citing sources close to the negotiations. Earlier, Shell was not the only suitor, with Exxon,…

IEA: Coal Is Not Going Anywhere

IEA: Coal Is Not Going Anywhere

Dec 18, 2018 at 09:30 | Irina Slav

Global demand for coal will remain stable over the next five years despite a lot of talk about the effects of this dirtiest of all fossil fuels on climate change.…

France Extends State Guarantee For Total-Participated Russian LNG Projects

France Extends State Guarantee For Total-Participated Russian LNG Projects

Dec 17, 2018 at 15:36 | Tsvetana Paraskova

France is extending the state guarantees for the Russian liquefied natural gas (LNG) projects Yamal LNG and the Arctic LNG 2 projects, Russian media quoted France’s Economy Minister Bruno…

Saudi Oil Minister Discusses Further Cooperation With World's Largest Refiner

Saudi Oil Minister Discusses Further Cooperation With World's Largest Refiner

Dec 17, 2018 at 15:27 | Tsvetana Paraskova

Saudi Arabia’s Energy Minister Khalid al-Falih discussed on Sunday opportunities for joint investments and cooperation in petrochemical and refining projects with Mukesh Ambani, the chairman of India’s Reliance Industries—the…

Pemex Boosts 2019 Budget 14% With Focus On Producing Fields

Pemex Boosts 2019 Budget 14% With Focus On Producing Fields

Dec 17, 2018 at 12:06 | Irina Slav

Mexico’s oil major Pemex will spend US$23 billion next year, up 14 percent on 2018, with focus on already producing fields in the shallow waters of the Gulf of Mexico…

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